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SpaceX Announces $20 Billion Bond Sale Days After Record IPO
SpaceX launched a senior unsecured notes sale on Monday and disclosed $100.8 billion in cash. Proceeds will repay bridge financing and support general needs after the June 12 IPO that raised nearly $86 billion. Cnbc reported the details of the inaugural bond deal.
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SpaceX announced a senior unsecured notes offering on Monday and disclosed about $100.8 billion in cash. The company plans to use the proceeds to repay bridge financing and meet other general corporate needs. Cnbc reported that the bond sale follows the company's initial public offering on June 12, 2026.
That IPO raised nearly $86 billion after underwriters exercised the greenshoe allotment. Shares have risen since then, briefly lifting SpaceX's market value above Amazon and ahead of Broadcom, Meta Platforms and Tesla. The offering comes after reports late last week that SpaceX was preparing to meet investors about raising roughly $20 billion.
The company is directing funds toward artificial intelligence initiatives that include plans to build data centers in space. SpaceX added Roelof Botha to its board. Employees marked the IPO market close at the Nasdaq Marketsite in New York City on June 12.
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